Handicapping the Federal Budget Talks

We admit it. We're baffled by President Obama's negotiating strategy -- so baffled that we're compelled to ask: "Can we please play poker with this guy?" The President's budget, due today, makes major concessions before the negotiations begin. The latest twist is his apparent advocacy of a corporate tax reform plan that's revenue neutral, infuriating Democrats who saw this as an opportunity for a net tax hike. And the president has scaled back his calls for new infrastructure spending, undoubtedly because this stands no...